After announcing the closure of 500 stores in Europe, and 600 redundancies in Spain, the beauty retailer has merged its Italian, Spanish and Portuguese subsidiaries, now all led by Italy’s former country manager.
Italian label Stefanel has officially been bought by budget fashion retailer OVS, in an operation worth €3.2 million. OVS is planning to tap industrial and commercial synergies between the two businesses.
The low-cost retail chain, an anchor for the Italian department store Gruppo Coin, confirms plans for a listing by the end of the year and announces 120 new openings planned for 2014, all the while continuing to move ...
Italy's upmarket department store chain La Rinascente expects sales in 2010 to rise by at least 5 percent as it concentrates on opening and renewing stores in its home market, a top executive said on Wednesday.